Personally I have been doing many of these passive income ideas for years. I know some of these have worked for me and they will work for you too. As long as you set yourself up for success, that’s exactly what you’ll get!
So let’s get right to the list:
I set up these types of websites for my clients all the time. When the pandemic hit a local small farm decided to hire me to put their products on their website (which I also set up, many years ago). This client went from $0 a month to $30,000+ coming in just from their online store alone in ONE MONTH!!! I also have had many types of eCommerce websites and believe this is the future. Most consumers hate going into stores now that the COVID-19 pandemic is here.
This is one of the easiest ways to make passive income. Sign up for an Amazon Associates account and start placing links and photos on your website, blog, social media and/or YouTube. Which leads me to my next idea.
If you create a niche blog website, they will come! If you want to take it up a notch offer vlogging, which is in ways even easier, it’s just video blogging!
Also creating a niche YouTube channel with viral type videos can earn you MILLIONS!! If you can educate or entertain, you’re golden! Some of you might even benefit from multiple channels.
Renting out a room or space on your property can earn you hundreds A DAY! I know because I’ve done it! This one is fun and can really be a great source of passive income.
Ebooks, Online Magazines and Digital Courses
If done correctly you can create content once that will continue to make you money while you sleep. I love waking up after a long beautiful eight hours knowing I was making money while sleeping. It’s something you need to experience!
This is like Airbnb for vehicles. Have an extra car? Not using yours on weekends? You can rent out your car on apps like Turo. People use turo as a way to test drive Tesla vehicles and more. It’s definitely worth looking into.
This is when you source a product or products to sell to consumers either on your own website or on websites like Amazon, Walmart, BestBuy without ever touching the product. People are making millions with dropshipping.
Finding high dividend stocks is ideal as they pay you out profits. Doesn’t get much better than this. Just do your research. It’s best to buy low and hold. I suggest using this as your savings as no banks are paying out 2–8%.
Sell Your “Junk”
It’s unbelievable how much stuff we accumulate over the years. Selling what you no longer want or need can bring in lots of money. Your trash might just be someone else’s treasure. Like a Pokémon Charizard card! You never know! You could be sitting on $150,000.
Putting ads on your car, website, blog, social media, YouTube channel and so much more could generate the big bucks. Take advantage of all media outlets with ads. People and businesses are willing to pay to be seen.
Any side hustle you start now will only be beneficial in the future so start now. The only regret I have is not starting sooner!
Stay safe and be kind!
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